A market system is best characterized by:
A. extensive government intervention in economic activity.
B. government regulation of all private markets.
C. the private production of most capital goods.
D. central planning and control.
Answer: C
Economics
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In the 1970s a typical college student's consumption might be represented by the following items: a small used car, black and white television set, macaroni and cheese and generic brand beer
As many of these students graduated from college what do you expect happened to the composition and quantity of the goods mentioned? Explain.
Economics
In the 1990s, our productivity grew by about ____ percent.
A. 16 B. 21 C. 32 D. 38
Economics